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Friday, May 8, 2015

| May 8, 2015

beasley logoBeasley Q1 Revenue Down 10.3% on Pro Forma Basis.  The asset exchange between Beasley Broadcast Group and CBS RADIO last fall makes the financial report for the former less cut and dried, but on a pro forma basis, net revenue was down 10.3%.  BBG chairman and CEO George Beasley comments, “On a reported basis, first quarter net revenue from continuing operations rose 87.2% and station operating income increased 92.3%.  However, given the required accounting treatment for discontinued operations following last December’s asset exchange, the results exclude the stations we gave up inbeasleygeorge the transaction.  As such, we continue to believe the pro forma presentation, which assumes the asset exchange occurred on January 1, 2014, better reflects the first quarter operating results.  On a pro forma basis, first quarter net revenue decreased 10.3% while SOI declined 12.2%.  The pro forma revenue decline is primarily attributable to overall market weakness in Charlotte and Tampa-St. Petersburg and softer ad sales at our Wilmington cluster during the first quarter, our reduction in spot units at the newly acquired stations and revenue in last year’s first quarter in Charlotte and Tampa-St. Petersburg related to the CBS affiliation that did not recur due to the change in ownership.”  Beasley adds, “In addition to our initiatives during the quarter to extract financial and operating synergies from the asset exchange, we made further progress on debt reduction while returning capital to shareholders.  During the first quarter we made credit facility repayments totaling $1.5 million, reducing borrowings to $96.2 million at March 31, 2015 and declared our sixth consecutive quarterly cash dividend.”

cbslogoCBS Corp. Q1 Revenue Dips 1.9%; Radio Segment Down 7%.  Radio is a very small part of the $3.5 billion that CBS Corp. billed during the first quarter of 2015.  CBS includes it in the Local Broadcasting segment (along with its television O&Os) and that division’s revenue for the quarter was $596 million, down from $626 million during the same period a year ago (a decrease of 5%).  But the radio portion of that sector fared a bit worse, dipping 7%.  Operating income for the Local Broadcasting segment was down 10.5%.

cookehollandCooke: Moms & Media.  Radio consultant Holland Cooke presents this analysis of the Edison Research “2015 Moms & Media” data from that company’s ongoing Infinite Dial project.  Cooke reports that, as previous data from numerous research sources has indicated over the years, “Mom is Secretary of the (family) Treasury to-the-tune-of $1.2 TRILLION a year in the USA.”  Moms are also tech savvy and their busy lifestyle welcomes new media.  Some takeaways from the study include: Mom spends more time per day (3 hrs 7 min) on the Internet than the survey population in general (2:51); 84% own a smartphone (69% last year); vs. 71% total respondents; and 64% of Moms surveyed own a tablet computer (47% last year).  For more data, see Cooke’s entire report here.

maylisaMay’s May 11 Return. Particularly in Los Angeles – perhaps the most commuter-centric market in the country – an on-air traffic reporter can become an integral component of a morning drive ensemble. Numerous notable examples exist in the City of Angels, including Lisa May, who will join the 6:00 am – 10:00 am “Heidi & Frank Show” on Cumulus Media rocker KLOS next Monday (5/11). Program director Keith Cunningham explains, “Lisa May is not just a traffic reporter or female sidekick; she is a radio brand and she is beloved by Southern California radio listeners. She will be doing a lot more than traffic – we can’t wait to get her in the building.” May admits that, “Joining a twosome can be tricky business. Usually you have to set up some ground rules and have a ‘safe word,’ [but] not with Heidi & Frank. That is what makes hooking up with them on KLOS so exciting. There is no telling what’s going to happen.” While her traffic reports the past two-plus decades have been heard on a number of Los Angeles outlets such as KACE, KGIL, KLAC, KMPC, KNX, KPCC, KPWR, and KABC-TV, May is best known for her lengthy tenure with “Kevin & Bean” on CBS Radio alternative KROQ. Among persons 6+ in Los Angeles’ latest Nielsen Audio PPM report (March 2015), KLOS (2.0) and KROQ (2.9) rank #23 and #13, respectively; iHeartMedia CHR KIIS “Kiss-FM” (5.3) leads the market (6+) for the third successive survey (including a February tie at #1 with adult contemporary sibling KOST “Coast 103”).

price howardHoward B. Price Named 2015 Recipient of the TALKERS Freedom of Speech Award.  The editorial board of TALKERS magazine has named the ABC Television Network director of business continuity, Howard B. Price, CBCP/MBCI as this year’s recipient of the prestigious Gene Burns Memorial Award for Freedom of Speech.  Price is being honored for his vigorous work and pro-active leadership in encouraging, inspiring and teaching the radio and television industries to be prepared to serve the public in times of emergency and crisis.  In announcing the naming of Price the recipient of the award, TALKERS publisher Michael Harrison states, “Howard B. Price is an industry hero who inspires us to rise to our highest purpose – and that is to serve and protect the public well-being.  He reminds terrestrial broadcasters that they have the potential (and are arguably obligated) to be in the same societal role as first responders such as firefighters, police, emergency medical teams and rescuers of all sorts.”  Harrison adds, “As a publisher, I am deeply proud of the numerous articles he has contributed to TALKERS and RadioInfo instructing our readers how to deal with civil unrest, acts of terrorism, and natural disasters such as earthquakes, perfect storms and historic blizzards – all of which have occurred on a seemingly regular basis in recent times. His presentations in print, at conferences and numerous speaking engagements clearly show stations how to stay on the air and mobilize their resources in a positive and productive manner when the community is under siege.”   Harrison concludes, “This is a bit of a departure from our usual focus in presenting an industry individual with this award designed to raise awareness of the First Amendment in action – but nothing could be more important for licensed broadcasting facilities than to be able to provide the public with vital information when needed, especially in life and death situations, thus protecting the platform’s reputation and credibility as a place to turn for truth when the chips are down.”  Price is a 40-year veteran of radio, television and newspapers, he is a two-time EMMY Award winner, and a two-time recipient of The George Foster Peabody Award. He has worked domestically and internationally as a news producer, assignment editor, bureau chief, reporter and anchor, covering some of the biggest stories of our time, including the 9/11 attacks, the 2003 Northeast blackout and Superstorm Sandy.  A certified business continuity professional (CBCP), Howard is charged with maintaining the operational resilience of all ABC News platforms around the globe. He also serves as an in-house consultant to the ABC Owned Television Station Group. Howard holds a bachelor’s degree in journalism from Northwestern University, and an MBA in management and marketing from New York University.  A guest lecturer at the Massachusetts Institute of Technology, he has been a featured speaker at numerous professional conferences and workshops (including TALKERS), and a contributor to many trade publications. He is a member of the Disaster Recovery Institute International (DRII), the Business Continuity Institute (BCI), the Association of Contingency Planners (ACP), the Contingency Planning Exchange (CPE), the Northeast Disaster Recovery Information Exchange (NEDRIX), the Society of Professional Journalists (SPJ), the Radio Television Digital News Association (RTDNA) and the National Academy of Television Arts & Sciences (NATAS).  Howard is the founder of the website, MediaDisasterPrep.com, and writes its companion blog, MediaDisasterPrep.wordpress.com. Price is fond of telling anyone who’ll listen that events are disasters only if you haven’t planned for them.  He can be reached via email at Howard.B.Price@abc.com.  Howard B. Price will be presented the Freedom of Speech Award at Talkers New York 2015 on Friday, June 12.   For registration, hotel and sponsorship information, please call 413-565-5413.

ramseyLasVegasstaff15Dave Ramsey Brings Smart Money Event to Las Vegas.  The Smart Money live event from talk radio superstar and best-selling author Dave Ramsey was presented to a packed house at Canyon Ridge Christian Church last night (5/7).  He discussed how to win with money, strengthen marriages and lead your children with confidence, working with local affiliate KXNT to promote the event.  Financial expert and speaker Chris Hogan joined Ramsey on stage.  CBS RADIO Las Vegas vice president of programming Cat Thomas says, “Dave has become a staple in growing our talk audience on the FM dial.  Dave is positive, upbeat, real and listeners get that.”  During the same visit to Las Vegas, Ramsey also hosted his EntreLeadership 1 Day Event on Wednesday in which he spoke about how to run a business using the same common sense principles that Ramsey practices in his own company of more than 450 team members.  Pictured here are (from l-r): Carlos Diaz, co-host of “Carlos and Dayna” on KXNT; Thomas; Ramsey; Maureen Pulicella, general sales manager; and Jerry McKenna, SVP/market manager.

ellergolferOn the Green in Greenwood.  Station owner/host Anne Eller (left) of WCRS (1450 AM), Greenwood, SC  has been out on The Links at Stoney Point in Greenwood every afternoon this week, broadcasting live from the scene of the Self Regional Classic leg of the Symetra Tour, a tour for professional and amateur golfers seeking to gain their LPGA card.  Eller has spent the past few days interviewing both the men and women behind the event, as well as many of the women competing for the $30,000 cash purse, the largest of the Symetra Tour.  One of the golfers Eller had on the show is rookie Michelle Piyapattra (right).

TALKERS Weekly Affiliate Update.  The Radio America-syndicated “Dana Show” hosted by Dana Loeschloeschdana announces new affiliate stations:  KSEV, Houston; KSGF-AM/FM, Springfield, Missouri; KBYR-AM, Anchorage; KGNC-AM, Amarillo; WVFT, Tallahassee; WYOO-FM, Panama City; KCNR, Redding, California; and WBLF, Johnstown-Altoona-State College, Pennsylvania.

talkersten logoBaltimore Unrest Aftermath Tops Talkers TenTM for Week of May 4-8.  The social, legal and political ramifications of the violent protests in Baltimore were the several aspects of the most-talked-about story of the week.  At #2 was the entrance of three more candidates into the 2016 presidential race.  Coming in at #3 was scrutiny of the Clinton Family Foundation followed by the deadly prophet drawing contest in Garland, Texas at #4.  The Talkers TenTM is a weekly chart of the top stories and people discussed on news/talk radio during the week and is the result of ongoing research from TALKERS magazine.  It is published every Friday at Talkers.com.  View this week’s entire chart here.

Monday, February 23, 2015

| February 23, 2015

radioamerica newHedgecock Gives Way to Benson on Radio America.  After many successful years in national syndication – which followed a long reign as the king of talk radio in San Diego, Rodger Hedgecock is ending his daily long-form radio show to focus on hishedgecockroger work as a TV commentator and elections coverage specialist for KFMB-TV, San Diego “CBS 8” and his production of the two daily reports he does for KFMB, San Diego.  Radio America COO Mike Paradiso states, “Roger has been a strong leader in Radio America’s lineup for years bensonchadand I want to thank him for his hard work and dedication.  He will be missed.”  Taking over Hedgecock’s nationally syndicated program is Chad Benson, whom Radio America describes as “a rising star from the Next Generation of talk hosts.”  Benson debuts on March 30 from home base at Alpha Media-owned KUFO, Portland “Freedom 970.”  About Benson, Radio America says the 44-year-old is “an accomplished talk show host boasting over 22-years-experience in the entertainment industry.  He started in music radio in the 1990s at the legendary KRTH, Los Angeles as the executive producer of the Robert W. Morgan show and has also been featured on Los Angeles radio stations such as KZLA-FM and KNCI-FM and KWOD-FM in Sacramento.  Chad has also honed his skills as a voice artist for several Hollywood productions, as fans of ‘Droopy the Dog’ hear Chad’s voice as the signature Hanna-Barbera character.”  Alpha Media San Antonio OM/PD Greg Martin says, “Chad Benson is not the usual talk host.  His entertaining style and passion for talk radio helped develop him into a great talent.  He’s not afraid to go places the average talk host will not tread.  Very unique.”  Benson’s show will air 6:00 pm to 9:00 pm ET.

cookehollandWeekends: Healing Talk Radio’s Achilles Heel.  In a new article posted today in TALKERS, radio consultant Holland Cooke boldly states: “At too many stations – some with once-proud call letters – weekends are an embarrassment.  Through utter neglect, stations injure ratings and leave money on the table.”  He goes on to offer advice and insights designed to help programmers and management maximize weekends – including brokered programs – to improve station ratings, revenue and image in the community.  He also appears on the latest installment of TalkersTV (upper right column box on every page of Talkers.com) with valuable information about how talk stations can make their Saturday and Sunday programming truly “Solid Gold Weekends.”  To see TalkersTV, please check out the upper right box on every page of Talkers.com.  To read Cooke’s new column, please click here.

mcmahonbillMcMahon: Determining How Long it Will Take for a Radio Show to Succeed.  Just how long to give a new radio show to “take off” has been a debate in the radio business almost since the medium debuted.  All parties would love the answer to be, “almost instantaneous,” but that’s not realistic.  Bill McMahon, CEO of The Authentic Personality, writes in a column published in TALKERS magazine today that programmers must get realistic expectations from their superiors.  But once the timeline is known, there are things that can be done to make success happen as quickly as possible.  “Coaching focused on perfecting talents and strengths and highlighting appealing personal traits will significantly speed up the development process.  Nothing slowed the development of the superstars of radio, true originals, like Howard Stern, Rush Limbaugh, and Larry Lujack more than bad coaching from PDs and management that didn’t recognize and support their unique talents and strengths.  Each was fired multiple times.  All were told to fit into some current standardized success model and be anything but themselves.  They refused.  Each had his own instincts and ideas about the kind of show he wanted to do.”  Read the rest of this enlightening piece here.

2015 NYC 150John Dickey and Michael Harrison to Conduct “Fireside Chat” at Talkers New York 2015.  The agenda is being set for Talkers New York 2015 and one of the highlights of what promises to be a power-packed day of relevant discussions, presentations, and addresses will be a conversation between Cumulus Media executive vice president of content & programming, John Dickey and TALKERS publisher Michael Harrison.  Thedickeyjohn presentation will be conducted in the informal, one-on-one “fireside chat” format.  John Dickey is responsible for Cumulus’ sales, programming, marketing, promotion and engineering and will be able to offer comments, opinions and information about a wide variety of issues presently facing talk radio, as well as the entire spectrum of radio formats.  Conference director Michael Harrison states, “There are few people as ‘plugged into’ both the day-to-day operations as well as the big picture of commercial radio in America today than John Dickey.  He has extensive, first-hand knowledge about what’s happening in the business and plays an enormous harrisonmichael2015role in influencing policy – plus he has a true passion for radio and its position in our society.  I look forward to this session with enthusiasm and plan on it providing our attendees with a lot of valuable takeaways.”  Save the date and register early.  The 18th annual installment of the talk media industry’s longest-running and most important annual convention will take place on Friday, June 12, 2015.   It will be located at the historic India House Club dramatically situated at One Hanover Square in the heart of Manhattan’s financial district.”  The all-day event – 9:00 am to 6:00 pm — is again expected to be a quick sellout.  Registrations are priced at $299 per person with an early bird, discounted cost of $249 available until 5:00 pm ET on Friday, February 27.  Registrations, which are only open to professionals currently or recently employed in media-related industries, include all sessions, presentations, exhibits and breakfast/lunch/refreshment/and social networking activities. The heavyweight, non-stop agenda will include approximately 65 speakers and 500 attendees are again expected.  Registrations can only be taken over the phone and paid for by credit card.  For registration, sponsorship and hotel information, please call 413-565-5413.  Again, an early sellout is expected, so avoid being shut out by registering now!  Speakers, panelists and agenda updates will be announced here in the coming days.

ppmunit altRound Four of January PPM Data Released.  The fourth of four rounds of January 2015 PPM data from Nielsen Audio has been released for 12 markets including: Austin, Milwaukee, Indianapolis, Providence, Raleigh, Norfolk, Nashville, Greensboro, West Palm Beach, Jacksonville, Memphis, and Hartford.  The survey period was January 1-28.  TALKERS magazine’s sister publication RadioInfo has all of the numbers from subscribing stations here.  In addition, managing editor Mike Kinosian presents his “Ten Takeaways” from this batch of ratings on the main page at RadioInfo.com here.

salemmediagroup logoSalem Incorporates ‘Media’ into New Corporate Name.  As a corporation with multiple media platforms, Salem Communications Corporation decides to change its name to Salem Media Group to better reflect “the dynamic growth” of its multi-media business.  Salem CEO Ed Atsinger says, “Salem’s mission has always been to serve our two core audiences – Christian and conservative – with engaging and meaningful content.  That mission brought us into radio, and it has guided our growth ever since.  As more and more of our audience seek new ways to get information and inspiration, we have added new media platforms to our traditional radio offerings.  Now nearly one-third of our total revenue comes from non-broadcast sources.  This rebranding of Salem acknowledges our evolution and confirms our commitment to serve our market.”  Salem says that in addition to its 106 radio stations and syndicated programs, it “owns several of the most influential brands in the Christian and conservative media space, including Crosswalk.com, GodVine.com, Christianity.com, BibleStudyTools.com, TownHall.com, HotAir.com, RedState.com, Human Events.com, the Conservative Book Club, and Regnery Publishing.

floresreneeFlores Appointed High Desert Broadcasting LSM. Former Lazer Broadcasting Oxnard-Ventura national and regional sales manager Renee Flores joins High Desert Broadcasting as local sales manager for its seven-station cluster in Lancaster, Palmdale, and the Antelope Valley (Southern California). High Desert president Miles Sexton comments that Flores, “brings a rare combination of experience in both product marketing and broadcast sales to this position, along with proven team leadership accomplishments. We are thrilled to have her join our management team to oversee the sales operation of this dominant radio cluster.” Flores points out that she has lived “in this exciting and growing portion of the Los Angeles metro area. It is great to be returning with such a wonderful opportunity to grow and serve the diverse business community here.” Flores’ prior background includes being general sales manager for Lazer Broadcasting’s three Oxnard-Ventura stations, as well as handling sales for the company’s 25 California and Nevada stations. High Desert’s seven stationsHigh Desert Broadcasting are KOSS “NewsTalk 1380”; regional Mexican KCEL “Que Buena 96.1”; hot AC KGMX “K-Mix 106.3”; alternative KKZQ “The Edge”; classic rock KQAV “The Quake”; KMVE “Classic Top 40”; and regional Mexican KUTY “La Mera Mera 1470.”

johnstondougJohnston Joins Westwood One in EVP Role.  Joining the company as executive vice president, Midwest division in the network sales department is Doug Johnston.  The company says he’ll “oversee revenue development and multi-platform brand integrations across all Westwood One assets, including network sales, spot sales, platform, digital, and events.  Johnston is based in Chicago and reports directly to Westwood One president Steve Shaw.”  He comes to WW1 from his most recent post as SVP, sales, central region, for Premiere Networks.

Odds & Sods.  Adding another daily show to his current role as afternoon drive personality on iHeartMedia’sconwaysimon legendary WHO, Des Moines, is Simon Conway.  Today (2/23), he begins hosting the 9:00 am to 11:00 am program on the company’s WMT, Cedar Rapids…..Fusion and ESPN Radio are announcing an agreement in principle for the former to simulcast the Dan Le Batard radio program beginning this spring.  The three-hour broadcast will air weekday afternoons from 4:00 pm to 7:00 pm ET.

wtmj logoCool Job Opportunties.  Several outstanding career opportunities are currently open at Journal Broadcast Group‘s news/talk/sports WTMJ, Milwaukee.  WTMJ has taken traffic reporting in-house, after working with an outside vendor, and is building its own 24-hour on-air/digital traffic center.  There are opportunities for traffic reporters.  The station also has a rare opportunity for a sports anchor/sports talk host.  WTMJ is also searching for an experienced digital content producer/morning show producer.  In sports marketing, WTMJ is adding another sports account manager position to sell Green Bay Packers football and Milwaukee Brewers baseball.  See these and other great opportunities at Journal Broadcast Group’s Milwaukee Operations here.

rabRAB on 2014: Off-Air and Digital Help Bolster Spot and Network for Flat Revenue Year.  The annual report on radio’s revenue for the previous year from the RAB is released and the organization states that radio ended Q4 and full year 2014 with revenue comparable to those reported at year-end in both 2013 and 2012.  Radio’s digital and off-air sectors delivered impressive growth rates throughout the year, which also saw slight dips in the spot and network sectors.  For all of 2014, spot revenue was down 3% and network revenue dipped 4%.  Those decreases were offset by the rise in digital (up 9%) and off-air revenue (up 16%).  RAB president and CEO Erica Farber comments, “Radio held its own in 2014 with radio revenue remaining steady despite an economic climate which saw some businesses tightening their spending in Q4 due to reduced consumer confidence.  Digital revenue growth indicates that radio is meeting marketers’ growing commitment to reach consumers via all digital ad channels, and this continued growth confirms radio’s position as a true marketing partner.”

abcNathansonKevinHartABC News on the Red Carpet at the Oscars.  At last night’s 87th Academy Awards at the Dolby Theatre in Hollywood, ABC News was on the red carpet interviewing the stars in advance of the annual awards program.  Pictured here is ABC News’ Jason Nathanson (right) speaking with comic, actor and record producer Kevin Hart (left).